How do you carry out calculations for feasibility studies on a proposed construction project?
Answer:
Usually you would do estimates on construction costs and potential savings for each different part of the project. It helps to have extensive cost estimating experience.
There are several ways to do feasibility studies. First, if you maintain good cost histories on previously bid projects, you could use that data as your numbers. You should also quantify all the materials on the plans and than discuss with the appropriate subcontractors to get an accurate price.
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